Answer:
a) 15 to 35 approximately 95%
(b) 10 to 40 approximately almost all
(c) 20 to 30 approximately 68%
Explanation:
The data have a bell-shaped distribution which means the data is equally distributed on both sides of the mean.
We have the mean at 25 and a standard deviation of 5 which means that the interval is for each of the values of 5 .
The mean would be u and
The first value would be u ±σ = 25 ± 5= 20 and 30 (68 % )
The second value will be u ± 2σ= 25± 10 = 15 and 35 (95%)
The third value will be u ± 3σ= 25 ± 15 = 10 and 40 (99.7 % almost all)
In the figure below the light blue region gives u ±σ on both sides of the mean
, dark blue gives u ± 2σ values on both sides of the mean and grey gives
u ± 3 σ values on both sides of the mean.
It is obvious that 68 % of the data is contained in the u ±σ light blue region, 95 % of the data in the u ± 2σ dark blue including light blue and 99.7 % in the u ± 3σ all colored regions.
Answer:
Land A/c Dr $3,360,000
To Common stock A/c $2,400,000
To Additional paid in capital - in excess of par - common stock A/c $960,000
(Being the exchange transaction is recorded)
Explanation:
The journal entry is shown below:
Land A/c Dr $3,360,000
To Common stock A/c $2,400,000
To Additional paid in capital - in excess of par - common stock A/c $960,000
(Being the exchange transaction is recorded)
The computation is shown below:
For land
= 30,000 shares × $112
= $3,360,000
For Common stock
= 30,000 shares × $80
= $2,4000,000
And, the remaining balance is credited to the additional paid in capital account
Answer:
ohhh really I am also from Nepal
Namaste timi Santa bolerw ramro lagyo dhanyabaad!
Answer:
Explanation:
Under GAAP, every cost incurred should be classified into either period cost or product cost, where:
Product Cost:
The cost business has incurred right now, but will benefit from it in future for e.g. raw materials used to manufacture something which will be sold in next period (by the way period means the time span for which business is reporting its performance like year or quarter). these generally include direct labor, materials and manufacturing over heads
these costs should be capitalized and expensed out in future as the inventory is used.
Period Cost:
all other costs from which business has benefited completely in current period, including admin sales and distribution related costs
these should be expensed out in current period.
for warehousing costs, if they pertain to raw materials and semi finished goods they will be capitalized but if they pertains to finished goods they will be expensed out (as there is no benefit expected from them in future now)
for research and development, every research cost should be expensed out for e.g. feasibility studies under GAAP, but if product found to be commercially viable then the development costs can be capitalized as intangible asset(with the same logic as these will be exactly like manufacturing costs for tangible products).
Answer:
Option B) Accounts Receivable
Explanation:
In the Direct write-off method the company registered an entry that debit Bad Debts Expense and an credit entry in the Accounts Receivable.
In this method doesn't exist a contra asset account such as Allowance for Doubtful Accounts, the Bad Debt Expenses are reported on the Income Statement one year later of the sale.
